tonight at ten — the international monetary fund weighs into the financial uncertainty in the uk, criticising the government's plan and saying it's likely to increase inequality. meanwhile, there are concerns that costs could rise — including mortgages — after the bank of england hints a sizeable interest rate rise could be coming. i think it is hard not to draw the conclusion that all this will require a significant

monetary policy response. the chancellor has defended the government's plan and has today tried to reassure big investors and critical mps from his own party. also tonight... sir keir starmer sets out his plan to the labour party conference including a state owned green energy company. britain will get its future back — a country where aspiration is rewarded, where working people succeed, a force for good in the world, a clean energy superpower, a fairer, greener, more dynamic nation. two pipe lines that carry gas from russia to europe suddenly spring a number of leaks, prompting accusations of sabotage. and right on target — how nasa managed to send a rocket crashing into an asteroid travelling at 12,000mph. coming up in the sport over on the bbc news channel. can scotland secure promotion to the nations league top tier as

they take on ukraine? we will have all the action for you. good evening. the international monetary fund — the world's most important financial institution — has tonight weighed into the current economic uncertainty in the uk, criticising the government's plan and saying it's likely to increase inequality. and the bank of england has signalled that a sizeable increase in interest rates could be coming to shore up the value of the pound. it all follows the government's so—called mini budget on friday. mortgages are an essential cost for many of us that are susceptible to any rise in interest rates — in particular the nearly two million homeowners estimated to be on tracker mortgages or whose fixed rate mortgages are due to end soon. let's look at the effect

on a 25—year mortgage of £200,000. at the moment the bank of england interest rate is 2.25% — a mortgage repayment based on that would be around £870 a month. but if that rate goes up to 4.75% in december — as some traders fear — the monthly repayment would jump to £1,140. and by nextjune — if the rate is 6.25% — today's latest maximum estimate by analysts, though that does keep changing — repayment would be more than £1,300. that's a big rise at a time when energy bills and other goods are also going up. 0ur economics editor faisal islam has the latest. in aylesbury david and his family put an offer on a new house at the weekend, expecting mortgage numbers to add up, but today he had some shock. i to add up, but today he had some shock. ., ., ., ., ., shock. i go online and i go into gooale shock. i go online and i go into google and _ shock. i go online and i go into google and look _ shock. i go online and i go into google and look for _ shock. i go online and i go into google and look for the - shock. i go online and i go into l google and look for the cheapest rate possible, and c 5.6%, at which point i go on the account calculator

and see what the lending would be, at exactly the same lending as i was asking for on friday which was 1100, maybe 1200, had increased to around 1800, merely that figure.— 1800, merely that figure. the much heralded stamp _ 1800, merely that figure. the much heralded stamp duty _ 1800, merely that figure. the much heralded stamp duty cut _ 1800, merely that figure. the much i heralded stamp duty cut overshadowed by the sharp end of an interest rate shock that has hit the uk economy like a tidal wave. the bank of england's chief economist made clear that by november the bank of england would deliver significant interest rate rises. i would deliver significant interest rate rises. ~ , . rate rises. i think it is hard not to draw the — rate rises. i think it is hard not to draw the conclusion - rate rises. i think it is hard not to draw the conclusion that. rate rises. i think it is hard not to draw the conclusion that all| rate rises. i think it is hard not - to draw the conclusion that all this will require a significant monetary policy response. let me leave it there. ~ . , ~ ., there. whatever the big -- bank of encland there. whatever the big -- bank of england does _ there. whatever the big -- bank of england does the _ there. whatever the big -- bank of england does the market _ there. whatever the big -- bank of england does the market is - there. whatever the big -- bank of| england does the market is charging the uk higher rates of borrowing. it has hit 5% today, the highest level in two decades. the reason that

these further surges in borrowing costs are so important is that they are a barometer of the financial credibility of the government, one that transfers the shock from the markets into the economy and ratchets up the costs of the government passed �*s own plans. it is a message in numbers that the markets are not convinced the government will stick to its plan. the government will face a choice between a u—turn on its tax cuts, massive spending cuts or further market turmoil. andrew bailey and his team at the bank of england will have to look at how much the chancellor will borrow in deciding how high base rates will go. kwasi kwarteng told mps today he was sticking to his plan, despite the market reaction. the currency was stable today, but it remains close to historic lows. this is one of the trading desks where the credibility of the finances of the uk is up for question. of the finances of the uk is up for cuestion. . , ., , question. i have never seen a budget with the pound _ question. i have never seen a budget with the pound like _ question. i have never seen a budget

with the pound like this _ question. i have never seen a budget with the pound like this my _ question. i have never seen a budget with the pound like this my entire - with the pound like this my entire career, we are looking for the pound going below parity. career, we are looking for the pound going below parity-— going below parity. worth less than a dollar? yes, so _ going below parity. worth less than a dollar? yes, so when _ going below parity. worth less than a dollar? yes, so when you - going below parity. worth less than a dollar? yes, so when you see - a dollar? yes, so when you see starbucks _ a dollar? yes, so when you see starbucks for _ a dollar? yes, so when you see starbucks for $5 _ a dollar? yes, so when you see starbucks for $5 it _ a dollar? yes, so when you see starbucks for $5 it will - a dollar? yes, so when you see starbucks for $5 it will cost - a dollar? yes, so when you see starbucks for $5 it will cost you | a dollar? yes, so when you see i starbucks for $5 it will cost you £5 and next year we could be looking at 95 cents. the budget we had on friday last week of the only thing that will do, is add to inflation. all of this impact is well beyond the desks of the traders and the screens. in lincolnshire, will runs superfoil, but this insulation business can't be cushioned from falls in the value in sterling. as most of the products we use are kind of global products — plastics and aluminiums, etc — they're all placed in the dollar. so, any drop in the pound directly increases our costs proportionately. so over the last 20, 25 years that we've been running, our purchasing power for our main components is halved, making our products twice as expensive. with such abrupt changes in interest rates and currencies, it will be

difficult to instate ordinary businesses and homeowners across the economy. —— difficult to insulate. and faisal is here. the situation is changing so fast, tonight we've had this statement from the imf. how important is it? what options does the government have? when you hear about the imf, people think about 19705, but it is nothing to do with that, but it is remarkable to be generous, it is a repeat, you could say, but it is verging on humiliating, just to see the deed5 are, the focus of this statement, and let me repeat what it says, we are closely monitoring recent uk developments in the uk and we are engaged with authorities and we are engaged with authorities and we do not recommend larger than targeted fiscal packages at this juncture. the nature of the uk measures will likely increa5e inequality and they say that the 23rd of november when the 0br i5 23rd of november when the 0br is publishing a forecast is an early opportunity for the uk government to consider ways to provide support

thatis consider ways to provide support that is more targeted and re—evaluate the tax measures, especially those that benefit high income earners. so specific and targeted, and remember, the uk is one of the major shareholders and decision—makers at the imf so for them to say that is quite extraordinary, but what comes underneath this, it must reflect the fact that in a big finance mini5tries around the world, our major partner5, they are concerned for the impact of this in the uk but also concerned that it might have spill—overs into the global economy, the global recession, their economies, that is what you get statements like this and i have not seen a statement like this so specifically criticising. we have a statement from the treasury saying that this whole policy reflects the speed they acted to protect households and that they are focused on growing the economy and talking about that plan on the 23rd of november, but it can't be good news, that notjust november, but it can't be good news, that not just the november, but it can't be good news, that notjust the markets saying to the government to think again, but now the imf has clearly said that

the specific policy that has helped catalyse this crisis, that they should be and quickly. thanks for “oininu should be and quickly. thanks for joining us- _ should be and quickly. thanks for joining us- -- _ should be and quickly. thanks for joining us. -- that— should be and quickly. thanks for joining us. -- that they _ should be and quickly. thanks for joining us. -- that they should i joining us. -- that they should re-evaluated _ joining us. -- that they should re-evaluated and _ joining us. -- that they should re-evaluated and quickly. - you can follow faisal�*s blog as well as get more updates, news and analysis on bbc news 0nline — that's bbc.co.uk/news — and by using the bbc news app. the united kingdom needs a "fresh start" and a way out of the "endless cycle of crisis" caused by the conservatives — that's the message from sir keir starmer, the labour leader. in a speech to the labour conference, he was scathing in his criticism of the government's handling of the economy, especially after the mini—budget last week and the tax cut for the highest earners. "don't forget and don't forgive" was his message on that. he set out his main ideas for a labour government — with more investment in the nhs — and a publicly—owned renewable energy company called great british energy. amid the continued uncertainty on the financial markets, sir keir said that labour was the party of economic stability for households and business.

0ur political editor chris mason is live in liverpool for us. how are people there reacting to what's been happening in the markets? people here have been looking on open—mouthed at the markets and what the imf have said this evening, and people are nervous about the consequences but they also see the political chance of something of a breakthrough, may be the chance that people will look afresh at labour. plenty of activists have spelt out of the conference centre into the bars and keir starmer has got rid of his suit and put on the casual clothes and is touring various events, as well, telling supporters he thinks the political landscape might just he thinks the political landscape mightjust be changing. this after a speech today where he tried to speak beyond supporters in the room here to the country at large. cheering and applause supporters in silhouette. applause and smiles. lots of smiles.

keir starmer and his wife head for the conference hall. labour is upbeat about its future, downcast about the present. the government has lost control of the british economy. and for what? they've crashed the pound. and for what? higher interest rates, higher inflation, higher borrowing. don't forget, don't forgive. the only way to stop this is with a labour government. applause from a sharp critique of the prime minister to a sharp critique of labour's recent past, sir keir determined to portray his party as pro—defence, pro—business and getting rid of hostility towards jewish people. we had to rip out anti—semitism by its roots. applause we had to show our support for nato is non—negotiable.

show we want business to prosper. shed unworkable policies. country first, party second. keir starmer is attempting to pitch himself and his party as trustworthy custodians of the economy — so often a weak spot for labour. missions don't achieve themselves. you need focus, determination, and the courage to make very difficult choices. it means not being able to do things, good labour things, as quickly as we might like. that's what responsible government looks like. one of the big themes of this conference has been to argue that the uk should be a world leader in renewable energy, a green growth superpower, led by a state—owned firm. because... it is right for jobs. because it is right for growth. because it is right for energy independence from tyrants like putin. then, yes, conference,

great british energy will be publicly owned. applause one of the biggest cheers of the speech, an attempt to meld future economic growth to left—wing instincts, but an overriding theme was junking the era ofjeremy corbyn, hauling the party away from the far left. sir keir wants to scrap business rates in england, unleash an entrepreneurial spirit, celebrate aspiration. labour is on your side. labour is the party of home ownership in britain today. applause a labour government, he said, would never allow vladimir putin to succeed. it would, he added, ensure the nhs no longer had its face down on the floor. but victory for this party is so, so much harder after the near wipe out of labour mp5 in scotland, courtesy of the scottish

national party. for them, scotland's success in the uk is met with gritted teeth. seen as a road block to independence, and so they stand in the way. we can't work with them. we won't work with them. no deal under any circumstances. applause notice there a firm committal not to cook up an arrangement with the snp, and take a look and listen to this — carefully sketching a line, lifted straight from tony blair. keir starmer, running away from labour's recent past, but embracing what came before. we are the party of the centre ground. once again, the political wing of the british people. applause say it loud and believe it. britain will deal with the cost of living crisis. britain will get its future back. this is my committment to you. the national mission of the next labour government, and together with the british

people, we will do it. thank you, conference. applause after years in the doldrums, years of fighting among themselves, labour and keir starmer are starting to believe they may be able to win. there is a confidence in the air, but they still have a massive mountain to climb. you see that side of keir that i've told everyone is there. he's passionate about this country and he has the plan to make it better. so many people will be looking at the last few days and saying, "is there an alternative?" and the answer after that speech is "yes." that was the speech - of somebody who should be the prime minister tomorrow. that isn't going to happen, but labour are allowing themselves to imagine, one day, it might. chris mason, bbc news in liverpool. one of the main political tasks for sir keir is to make sure his message is being well received in those former safe labour seats which went conservative

at the last election. 0ur political correspondent alex forsyth has been to leigh in greater manchester — which went from red to blue in december 2019 — and which labour needs to regain if it's to form a government. the stall�*s been set out, labour's pitch made. what matters, of course — who buys what's on offer. thank you, take care. greengrocer paul has been in leigh market for 39 years, a close follower of politics who's yet to be convinced. they've only become relevant over this short space of time because of what the conservatives are not doing. you know, they were almost invisible, but that's politics, isn't it? when one party is in trouble, then the other one pounces. with prices rocketing, there is worry here and political disillusionment... you all right? ..something eric, a butcher and fishmonger, is certainly feeling. the labour party, yeah, i don't really know what they stand for at the minute. i've never voted tory. i used to vote labour.

now ijust feel politically homeless. i don't know who to vote for. leigh's similar to many seats labour needs to win back — a once thriving industrial town that's battled decline. this old textile mill is part of the hope for regeneration. managed by a former labour mp, its home to a growing number of community groups, art ventures and businesses, including these tenants — some labour members, others not — weighing the party's offer. get britain's hope, its confidence and its future back. it feels like this is on steady ground. in the past, public perception towards labour policies have been, "oh, it's farcical." this feels deliverable. i did agree with him, actually, when he said that the whole l country's in a brace position, _ and we are — businesses, homeowners. and that needs to stop - because nobody should be worrying like they are going into this winter. _ i don't care if it's left, centre or right as long as it's looking after those working people and giving them hope and aspiration for the future. and you think that keir starmer

pitched that right today? i think he did. what about keir starmer himself? some critics have said he isn't bold enough. he's not the most dynamic of people, but, let's be honest, do we want that? we want people who are stable, we want a government that's going to deliver on his promises. that was definitely a fighting speech there, and that's something i feel... ifeeljustified in joining the party over. he meant what he said, but we just need someone to deliver. labour may feel their prospects are looking up. what matters, of course, is whether voters share the view. alex forsyth, bbc news, leigh. the speech went down well at conference that labour the speech went down well at conference that labour know the speech went down well at conference that labour know they have a mountain to climb if they are to win the next general election. are they really have. himalayan in scale. that performance at the last

general election in 2019, their worst in nearly a century, their worst in nearly a century, their worst since 1935. but they are feeling chipper. they think liz truss is deserting the territory on which elections are won and keir starmer is determined to colonise that territory. he isjunking starmer is determined to colonise that territory. he is junking the language and politics ofjeremy corbyn. a man who he campaign to try and make prime minister and instead he is aping the outlook and language of tony blair. supporters know he isn't tony blair. it's also worth remembering that the last time labour won a general election, they won 41 seats in scotland. at the last general election they won one seatin last general election they won one seat in scotland. that is just one of many reminders as to why that snowy summits, if you like, for labour is still a long way off. chris mason, many thanks. the labour mp rupa huq has apologised

to chancellor kwasi kwarteng after describing him as "superficially" black. her remarks at a fringe event at the labour party conference were criticised and she was suspended from the parliamentary party pending an investigation. the tory party chair jake berry called her comments "racist" and "disgusting". royal mail workers are to stage a further 19 strikes in the next two months in a deteriorating dispute over pay and conditions. the communication workers union announced that the action in october and november will be a mixture of single days and rolling action. royal mail say the company is losing £1 million a day and needs to change. two pipelines that carry gas from russia to europe have suddenly sprung a number of leaks, sending bubbles rushing to the surface. the company responsible for one of the pielines has called such leaks unprecedented and it's led to accusations of sabotage. the kremlin says that can't be ruled out. ukraine has accused russia, describing it as a terrorist attack. let's get more from our diplomatic correspondent, james landale.

nord stream 1 and nord stream 2 are huge pipelines that bring gas from russia to germany — more than 700 miles all the way here under the baltic sea, they are the longest underwater pipelines of their kind in the world. but look at this — significant disturbance to the sea near denmark caused — it's thought — by leaking gas. the danish military said this area of turbulence was more than half a mile wide and shipping is now being kept out of the area. the gas is leaking here near the danish island of bornholm. it is thought there are a couple leaks in nord stream 1 and a third in nord stream 2. now, it is not known what has caused these leaks — they are being investigated — but poland's prime minister is clear. translation: we do not yet know the details of what happened - but we clearly see that this is an act of sabotage. this is an act that probably signals a new phase in the escalation of the situation in ukraine.

and that's the point. these pipelines are at the heart of the energy battle between vladimir putin and the west. russia is already restricting gas supplies. some experts say this could be the kremlin showing it can attack critical infrastructure. so that's the question, is the conflict in ukraine spreading? it's most likely that the state actor is involved in their are only one state actor in the baltic where the possibility, capabilities and motivation come together and that is obviously russia. ukrainian officials are even more certain, one claiming explicitly this was an act of aggression by russia against the european union. regardless of who or what is responsible, these leaks won't have an immediate impact on energy supplies to europe. that's because neither pipe was actually pumping gas at the moment. these leaks, though, will take time to repair and that

means that it is unlikely that europe will be getting any gas along these pipes for quite a while. fiona. the russian president vladimir putin is likely to announce the annexation of occupied regions of ukraine within days, according to the uk's defence ministry. voting has ended in discredited referendums in four ukrainian regions — partly or largely occupied by russian forces — on whether they should join russia. these are the early election results, according to russian state media. luhansk and donetsk in the east, and kherson and zaporizhzhia in the south, apparently strongly favour annexation. ukraine and its allies say the result had already been decided by the kremlin and will be used as an excuse for an illegal landgrab. let's go live to our russia editor, steve rosenberg, in moscow. what steps is the kremlin expected to take now? steve rosenberg, many thanks. what steps is the kremlin

expected to take now? first i want to stress the key point here that these so—called referendums weren't real referendums, they were hastily arranged, kremlin created and controlled events designed to pave the way to russian annexation of huge swathes of ukrainian territory. we may well see this happen later this week. i expect at some point this week. i expect at some point this week. i expect at some point this week russia will come out and say, right, this land is now ours, evenin say, right, this land is now ours, even in the absence of international recognition. the question is, what happens then? the kremlin has made it pretty clear that if kyiv attacks and tries to get back these territories then russia will view that as an attack against its territorial integrity and it will respond with all means available to it, including, potentially, nuclear weapons. we know that washington has warned moscow that if russia uses nuclear weapons that would have

catastrophic consequences for russia. what we don't know is whether that american warning will influence vladimir putin's next move. steve rosenberg, many thanks. the prince and princess of wales have made their first official visit to the nation since they were given their new titles. william and katherine visited anglesey in north wales, where they lived for three years after getting married, and the city of swansea in south wales. prince william's office said there are no plans for him to have an investiture on the scale of the one seen in 1969 when prince charles was crowned. next year's eurovision song contest will be held in either glasgow or liverpool after the final shortlist of cities was cut from seven to two. the bbc said the two remaining contenders had the strongest overall offer, and a final decision would be made "within weeks". the uk was chosen to host the contest after organisers decided it could not be staged by this year's winner, ukraine, because of the ongoing war. the uk's sam ryder was the runner up of this year's contest.

scotland have been promoted to the top tier in the nations league. steve clarke's team only needed a draw against ukraine in krakow this evening. the game was goalless meaning scotland win the group and earn a place in league a for the next stage of the competition. scientists at nasa have successfully tested a new technique to protect the earth from potentially dangerous meteorites. they deliberately crashed a rocket into an asteroid which was travelling at a speed of about 12—thousand miles an hour some 7 million miles from earth. the aim — to try push it off course. 0ur science editor rebecca morrelle has the story. closing in on the target. images beamed back from 7 million miles away as a nasa spacecraft approaches an asteroid. the details of the rocky world are revealed, but this probe isn't here to study it. its job is to knock the space rock off course by smashing into it. ..two...one!

cheering. oh, wow. and this was the reaction from mission control. cheering. fantastic! 0h, fantastic! i definitely think that, as far as we can tell, our first planetary defence test was a success, and i think we can clap to that, everyone. cheering. so... right? so, yeah, well, i... yeah, i think that earthlings should sleep better — definitely i will! the people working here, we're definitely going to sleep better. the target was a twin asteroid system. a larger space rock orbited by a smaller one called dimorphos, about 150 metres — that's about 500 feet — across. the crash gave dimorphos a kick to change its speed and alter its orbit. telescopes on earth tracked the moving asteroid, capturing the moment of impact, revealing the rocky debris being hurled into space. to divert an asteroid, you need to know where it is. the biggest ones, more than a kilometre, about half a mile across, could cause global devastation, like the asteroid that wiped out the dinosaurs.

we've spotted most of these, and none are heading for earth. but even the small ones pose some risk. a 20—metre wide space rock — about 65 feet — exploded over russia over russia in 2013, injuring hundreds, but very few around this size are being tracked. but it's the ones in between that are causing concern. a150 metre wide space rock — about 500 feet — could obliterate a whole city, and we've only located 40% of these. astronomers work out these numbers by carrying out surveys of small areas and finding every asteroid there. they then extrapolate this across the whole sky to calculate

the asteroid population overall. you can't do anything about the asteroids if you don't know where they are. and so this is where dart comes in. it's something that you would want to have this knowledge of where the asteroids were and then be able to just move them slightly as needed so that they didn't hit the earth. it will take some weeks to see if this space collision has worked and whether we now have the technology that could one day save our planet. rebecca morelle, bbc news. time for a look at the weather here's louise lear. we are going to be talking about hurricane ian. this has the potential to be the strongest hurricane to make landfall across the florida coastline since 2017. it has cleared away from the cuban coastline. as it moved across the warmer waters, and other defined eye of the storm starting to develop. this could be at least a category three if not category four storm when it makes landfall across that west florida coastline, potentially

just south of tampa. low lying areas, these towns and cities only one metre above sea level, and